Schools Secretary Ed Balls has stated that he would be concerned if lotteries were used "other than as a last resort", and announced that the practice is to be reviewed by the Schools Adjudicator, to ensure that it is "fair for children." This observation suggests random school lotteries are likely to be fairer than the lottery of birth.

A House of Commons report has criticised the lack of progress made by universities in widening higher education participation among under-represented groups, despite public money allocated to them for this purpose. But IFS research suggests that the key to improving access to higher education lies with schools, not universities.

Despite official figures showing that the public finances are weakening more sharply than the Treasury predicted in November's Pre-Budget Report, Gordon Brown has been handed some useful ammunition if he wants to argue for a further short-term fiscal giveaway in April's Budget.

Last week ministers made changes to the Government's child poverty targets, suggesting that it would be enough to cut the proportion of children in poverty on the most familiar definition to 10% rather than the 5% they have so far aspired to.

The latest annual survey of Business Enterprise Research & Development, released by the Office for National Statistics this morning, shows another real increase in R&D spending during 2007, in line with growth in real national income. But will the recession throw this into reverse?

Established in 1969, the IFS has come a long way since four financial professionals lamented the poor design of Capital Gains Tax and decided that fiscal policy in Britain needed more effective independent scrutiny.